For the short term, a downwards swing within a consolidation was expected and overall an upwards breakout looked more likely thereafter. The upwards breakout has come sooner than expected.
Continue reading SILVER Elliott Wave Technical Analysis – 20th April, 2018
A bounce was expected to continue. Price began the week to make new highs and thereafter a pullback has remained above the short term invalidation point.
Continue reading SILVER Elliott Wave Technical Analysis – 29th March, 2018
A little more downwards movement to end within the range of 16.173 to 15.874, or at target 16.093, was expected before a trend change. Price moved slightly lower, turning at 16.106, within the range and just 0.013 above the target.
Continue reading SILVER Elliott Wave Technical Analysis – 22nd March, 2018
All three Elliott wave counts remain valid. Classic analysis favours the main Elliott wave count.
Continue reading SILVER Elliott Wave Technical Analysis – 16th March, 2018
A new low below 16.173 favours the main Elliott wave count.
Volume suggests the breakout direction from a large symmetrical triangle on the weekly chart.
Continue reading SILVER Elliott Wave Technical Analysis – 8th March, 2018
Price continues to move sideways within a small consolidation. Volume may assist to tell which direction may be most likely for a breakout.
Continue reading SILVER Elliott Wave Technical Analysis – 1st March, 2018
Price has broken out of a small consolidation. Both Elliott wave counts remain valid.
Continue reading SILVER Elliott Wave Technical Analysis – 8th February, 2018
It is time to step back and look at monthly charts for Silver, including a new alternate that is in line with Gold analysis.
Continue reading SILVER Elliott Wave Technical Analysis – 17th January, 2018